CHEMUNG COUNTY CHAMBER OF COMMERCE (EIN 160421730) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Principal Officer

JENNIFER HERRICK-MCGONIGA

Phone

6077345137

Tax Period

2024-01-01 to 2024-12-31

CHEMUNG COUNTY CHAMBER OF COMMERCE, founded in 1905, is a small nonprofit that reported $714K in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE CHEMUNG COUNTY CHAMBER OF COMMERCE IS TO REPRESENT THE BUSINESS COMMUNITY IN THE PROMOTION OF THE PROSPERITY AND THE QUALITY OF LIFE THROUGHOUT ITS SERVICE AREA. THE CHAMBER SUPPORTS THE COMMUNITY THROUGH ITS EFFORTS IN SUCH DIVERSE AREAS AS SMALL BUSINESS ADVOCACY, TOURISM PROMOTION, EDUCATION, TRANSPORTATION, PUBLIC AND COMMUNITY AFFAIRS AND ECONOMIC DEVELOPMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $572,650

Program Service Revenue $15,196

Investment Income $12,779

Other Revenue $113,061

TOTAL REVENUE $713,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,740

Fundraising Expenses $0

Other Expenses $538,987

TOTAL EXPENSES $744,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$713,686	$696,383	+0.0%
Expenses	$744,727	$728,425	+0.0%
Net Income	$-31,041	$-32,042	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

131

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$99,821

Total Directors

$99,821

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT BARTENSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
ED HOLZLEIN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
JOSH DAHLMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF KENEFICK	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
PATTI EARLE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH FENNELL	DIRECTOR	1.00	Director	$0	$0	$0
KIT GOOSHAW	DIRECTOR	1.00	Director	$0	$0	$0
DEAN HACKETT	DIRECTOR	1.00	Director	$0	$0	$0
DAWN BURLEW	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAMIE GENSEL	CHAIR	1.00	Officer Director	$0	$0	$0
ELAINE SMITH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATIE COLETTA	DIRECTOR	1.00	Director	$0	$0	$0
DR CHUCK LINDSAY	DIRECTOR	1.00	Director	$0	$0	$0
JILL KOSKI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KRAMARIK III	DIRECTOR	1.00	Director	$0	$0	$0
ART BOEHM	DIRECTOR	1.00	Director	$0	$0	$0
STACY SAGLIBENE	DIRECTOR	1.00	Director	$0	$0	$0
KATHY STICKLER CPA	TREASURER	1.00	Officer Director	$0	$0	$0
ALLEN FUSCO	DIRECTOR	1.00	Director	$0	$0	$0
JOE ROMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAN VAN DEN BLINK	AT LARGE	1.00	Officer Director	$0	$0	$0
ANDREW DEGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
DR RICHARD TERRY DO MBA	DIRECTOR	1.00	Director	$0	$0	$0
KEN ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HERRICK-MCGONIGAL	PRESIDENT & CEO	40.00	Officer Director	$99,821	$0	$99,821
JAKE SHEEHAN	DIRECTOR	1.00	Director	$0	$0	$0
RENEE WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
DON ZAYCOSKY	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$713,686	$744,727	$1,050,170	$-31,041
2023	$696,383	$728,425	$1,079,061	$-32,042
2022	$703,497	$624,415	$1,152,673	$79,082
2021	$530,173	$511,251	$1,056,413	$18,922
2020	$427,529	$507,132	$1,130,277	$-79,603
2019	$1,184,313	$1,176,608	$1,045,447	$7,705
2018	$1,158,189	$1,148,706	$1,112,508	$9,483

CHEMUNG COUNTY CHAMBER OF COMMERCE